Navinchandra Insurance Broking Private Limited

Insurance brokerage firm offering general and life insurance services with IRDAI approval.

2018 | Vadodara, Gujarat (India) | Active
Last Updated: July 31, 2024

Navinchandra Insurance Broking Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 2.50 Cr
  • Company Age 6 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 223.98%
  • Profit Growth -139.67%
  • Ebitda -65.75%
  • Net Worth 53.14%
  • Total Assets 157.23%

About Navinchandra Insurance Broking

Navinchandra Insurance Broking Private Limited (NIBPL) is a Private Limited Indian Non-Government Company incorporated in India on 26 October 2018 (Six years and three months 23 days old ). Its registered office is in Vadodara, Gujarat, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 2.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

Mihir Shah and Jeet Desai serve as directors at the Company.

Company Details

  • Location

    Vadodara, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    buybestpolicy.com

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U74999GJ2018PTC104942

  • Company No.

    104942

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Oct 2018

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Financial Services

Who are the key members and board of directors at Navinchandra Insurance Broking?

Board Members (2)

Name Designation Appointment Date Status
Jeet Desai Country flag representing In Director 23-Sep-2020 Current
Mihir Shah Country flag representing In Director 26-Oct-2018 Current

Financial Performance of Navinchandra Insurance Broking.

Navinchandra Insurance Broking Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 223.98% increase. The company also saw a substantial fall in profitability, with a 139.67% decrease in profit. The company's net worth Soared by an impressive increase of 53.14%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
223.98%
Revenue from Operations
230.94%
Total Assets
157.23%
Profit or Loss
-139.67%
Net Worth
53.14%
EBITDA
-65.75%

What is the Ownership and Shareholding Structure of Navinchandra Insurance Broking?

In 2023, Navinchandra Insurance Broking had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Navinchandra Insurance Broking?

Navinchandra Insurance Broking has a workforce of 32 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Navinchandra Insurance Broking, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Navinchandra Insurance Broking's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Navinchandra Insurance Broking

Recent activity within the organization

  • Annual General Meeting

    Navinchandra Insurance Broking Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Navinchandra Insurance Broking Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Director Appointment

    Jeet Hemantbhai Desai was appointed as a Director was appointed as a Director on 23 Sep 2020 & has been associated with this company since 4 years 4 months .

    23 Sep 2020

  • Director Appointment

    Mihir Navinchandra Shah was appointed as a Director was appointed as a Director on 26 Oct 2018 & has been associated with this company since 6 years 3 months .

    26 Oct 2018

  • Company Incorporation

    Navinchandra Insurance Broking Private Limited was registered on 26 Oct 2018 with Roc Ahmedabad & aged 6 years 3 months as per MCA records.

    26 Oct 2018

Frequently asked questions

  • Navinchandra Insurance Broking Private Limited was incorporated on 26 Oct 2018.

  • The authorized share capital of Navinchandra Insurance Broking Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 2.50 Cr.

  • Currently 2 directors are associated with Navinchandra Insurance Broking Private Limited.

    • Mihir Navinchandra Shah
    • Jeet Hemantbhai Desai
  • As per Ministry of Corporate Affairs (Mca), the registered address of Navinchandra Insurance Broking Private Limited is 132/133 Samanvay Saptarshi Nr. Monalisa Manjalpur, Vadodara, Gujarat, India, 390011.

  • The corporate identification number (CIN) of Navinchandra Insurance Broking Private Limited is U74999GJ2018PTC104942 and the company number is 104942 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Navinchandra Insurance Broking Private Limited is https://www.buybestpolicy.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Navinchandra Insurance Broking Private Limited has risen by 223.98%.

  • As Per 2023 financial reports, 32 employees are currently employed by Navinchandra Insurance Broking Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Navinchandra Insurance Broking Private Limited has experienced an upsurge of 53.14%.

  • The most recent Balance Sheet for Navinchandra Insurance Broking Private Limited was filed with the ROC on 31 Mar 2023.

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